ARE Live: Practice Management Mock Exam

How do you*

Thatā€™s a great question, I actually spoke to Michael Armstrong from NCARB and he mentioned that this was something that they are working on.

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Hi- if you hop on our chat, on our main website, Elaine can help you with your membership!

General Liability insuranceā€¦ good question!

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For question #5, reviewing the Construction Manager Project Delivery Method, a disadvantage was mentioned that the CM was able to absorb profit or risks. Could someone explain how thatā€™s a part of the project delivery method and not payment method?

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I missed the meeting today will there be another one?

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Weā€™ll have a PjM mock exam podcast next month as well, and if you need to catch up on this PcM one, weā€™ll be posting it (once edited) here.

Thank you!

Yare Vega-DeBenito

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Thank you!! :slight_smile:

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@jesicka answers are added just below the mock exam window. Let me know if you have any questions!

For the question 5, fastest seemed optimal but not assured ,but knew that better cost information as soon as possible as the best answer provided . It brought to mind a separate question: is CM not the best option for fast track delivery and would that be 2 delivery methods in 1 contract? A13X series?

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Hey Sara, good question.

A few things are taken into consideration when determining the Project Delivery Method: roles of stakeholders and participants, services, delivery methods, contracts, time and cost. (From the CSI Practice Delivery Guide ā€“ Second Edition) Cost is included because itā€™s usually a driving factor on projects. Cost is intertwined into scheduling, contracts, permitting and more, so we canā€™t take it out of the equation when considering delivery method.

I think a ā€˜payment methodā€™ would fall closer to the forms needed to get payment from one party to another. (Iā€™m thinking the G-702: application for payment, bonds, liens, certified checks vs direct deposit, etc). While payment methods are talked about in contracts, they would be less likely to determine a project delivery method.

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so, I think determining the ā€˜bestā€™ option for fast track delivery depends on the factors youā€™re measuring. Risk, cost, and time will all vary depending on how you engage a construction manager (CM as agent, CM as advisor, CM at risk, etc) and at what point in the process theyā€™re engaged.

Think of a construction manager as a project stakeholder, not as a specific delivery method. CMs show up in various delivery methods, but the benefits to having them integrated in a project is that we get better cost information earlier in the design process.

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I agree with the trouble with question 4. I used the process of elimination to pick 3K. 100 hours for an apartment layout just seemed frivolous.

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Hi @heather & welcome to the ARE Community!
Meet @heatherrivera our BKS Expert! Could you help with this question?

Hey Heather!

Great nameā€¦

So hereā€™s the kicker: the answer isnā€™t 100 hours; itā€™s 30. This question is testing your knowledge of hourly wage versus fee charged. Generally speaking, a firm will charge anywhere between 2.5-3.5 times the employeeā€™s hourly rate. This will cover not only their salary, but also their benefits, overhead, and profit. So if we take this thinking into account, if sheā€™s making $30/hr, the client would be billed anywhere from $75/hr to $105/hr. The only answer that fits this would be 30 hours ($3,000/30 hours = $100/hr). Hope that helps!

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Thatā€™s exactly what I was thinking when I selected 30. It just didnā€™t make sense she should be able to spend 100 hours drawing a floor plan!

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Looks like your studies are paying off. Keep up the good work!

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